Data and information management

Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the chain during the 2013 holiday season and exposed millions of customers' personal information.

Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the retail chain during the 2013 holiday season and exposed millions of customers' personal information.

The United States is one the last developed countries to migrate to an EMV-based payments infrastructure, with a card network-imposed liability shift going into effect on October 1.

The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured.

The end of the swipe-and-sign era is right around the corner, and merchants such as bars and restaurants could face major risk as of October if they haven't migrated their point of sale systems to accept EMV.

While the average consumer’s banking and payment account information may not be considered as highly-sensitive as the "non official cover" list from Mission Impossible, multi-layer authentication is still the best way to fend off fraudsters.

When the card networks' October deadline for EMV-chip card adoption arrives, things will likely have changed very little compared to how they are today.

Anthony Murgio, who is accused of running a Bitcoin exchange that laundered money and who has been linked to one of the largest bank hacks in U.S. history, can remain free on $100,000 bail.

When cardmaker American Banknote (ABnote) CIO John Ekers discussed his company's Apple Passbook Android clone last week, he observed that "in the last 3-4 weeks, we're getting a lot more interest in limited use keys (LUK)," which is the first element of tokenization.

Fraudsters, anticipating the U.S. shift to EMV security at the point of sale, are busy looking for ways to hack into the e-commerce sites and consumer bank accounts that will be unaffected by the change in payment card security.

With the EMV-chip card deadline just two months away, Mercury Payment Systems is emphasizing security by providing a reason for its partners to engage in more education and become certified as compliant with the Payment Card Industry data security standard.

There is money to be made for merchants who support mobile payments. However, cyber criminals have noticed and they want their cut, too. The newer and more untested the technology, the greater its potential vulnerability.

The issues tied to its MoneyPak reload cards continue to plague Green Dot Corp., despite the prepaid card issuer's decision to discontinue the product back in 2014.

To eliminate its fraud-prone MoneyPak reload cards, Green Dot introduced a swipe-to-reload system last year that seemed more streamlined but added a new requirement — the customer had to have the card present to top it up with cash.

Protecting payment card data is a never-ending struggle, and the fraudsters are only getting more creative. So far this year several incidents and studies have demonstrated the evolving nature of cybercrime.

Battery Ventures, a tech-focused investment firm, has agreed to acquire Physical Security Business Unit, part of the security division of Nice Systems, a vendor that focuses primarily on the financial services industry.

Fiserv is aiming to improve the accuracy and cost-effectiveness of biometric authentication by shipping palm-biometric kits to its customers.

The ability to browse limitless shops and purchase goods and services from almost anywhere in the world has revolutionized commerce.

MasterCard will provide tokenization technology to the Samsung Pay mobile wallet when it launches in Europe.

Financial institutions take information security concerns very seriously, but few make it a priority to keep accountholders updated on their safeguarding efforts.